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contanggoes

 - 2 dictionary results

con⋅tang⋅o

  [kuhn-tang-goh]
Use contanggoes in a Sentence
–noun, plural -gos, -goes.
(on the London stock exchange) a fee paid by a buyer of securities to the seller for the privilege of deferring payment.
Also called continuation.
Compare backwardation.

Origin:
1850–55; said to be alter. of continue or contingent
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

contango

In futures or options trading, a market in which longer-term contracts carry a higher price than near-term contracts. The premium accorded to longer maturities is a normal condition of the market and reflects the cost of carrying the commodity for future delivery. Compare inverted market.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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